Northern MN Optometry Practice. Price Reduced to $229K.


Northern MN Optometry Practice.   Price Reduced to $229K.
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Asking Price: Get Financing: $229,000

Cash Flow: $182,730

Gross Revenue: $336,615


FF&E: $28,683

Inventory: $25,000

Real Estate: $80,000*

Established: 1975

*not included in asking price.

Northern MN Optometry Practice. Price Reduced to $229K.

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Business Description

This is a great opportunity for an O.D. to practice in a lovely part of Northern Minnesota where the quality of life is high and cost of living is low. The practice has had an annual owner’s cash flow in the range of $200k in each of the past 4 years with the owner/O.D. working no more than 4 days a week. This practice’s main location has a well-stocked dispensary and provides eye care services. It also has a satellite facility 35 miles away that provides eye care services only. The main location has a standalone building that is offered separately for sale at $80,000. The owner/O.D. established this practice in 1975 and treated nearly 2,000 patients in the past year. Due to the lack of any local competition, it has a steady patient base which is reflected in a stable stream of revenue and income and it’s significantly above industry average financial performance. The practice is well-equipped and has an exam room in each location. This is a turnkey practice in every sense of the word.
Bank financing available for 100% of the $229k purchase price to a qualified buyer. For more information, contact Randy Krivo, Sunbelt Business Broker – Practice Sales Specialist. (612) 843-0075.
If you are looking to buy an Optometry practice, sell an Optometry practice, or would like an Optometry practice valuation, contact Randy Krivo, Minnesota and Western Wisconsin’s Optometry practice sales specialist, to schedule a confidential and complimentary consultation.

Detailed Information

Included in asking price
Real Estate:
Not included in asking price
Building SF:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
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